In the last analysis; we discussed. Till Nifty Index is trading below 12300, we can see further downside towards 12150/12075/11980 levels.
Yesterday Index opened gap down & traded on the weaker note for the whole session. By the end of the day, it made the low around 12162 levels.
The market has reached near to its previous ‘Gann Square’ Breakout Range, so over here, we may see some bounce. As this range previously acted as the vital energy point for the present upswing.
If Nifty breaks & hold below 12150-12130 range, then we can expect the down move towards 12065/11990 range.
On the upper side, 12250 will act resistance above that we can see the move towards 12300/12380 levels.
Resistance for today in Intraday is at 12220 above the move towards 12250/12300/12370 can be seen.
While Support for today is likely to come at, 12150 below that move towards 12120/12070/12000 can be seen.
-
Nifty Short-term Trading View After 1000 Points FallAfter 1000 points, correction bulls got the support near august month low.But the road ahead for ...29 September 2020, 20:45Read More -
Nifty Breaks The Last 11185 Swing LowThe volatility stands high. During such times you should remain extra cautious before making the ...22 September 2020, 21:04Read More
-
Nifty Analysis After Today’s Big FallNifty Price Action Holds The Key Now For BullsBears continue the show of last week. And today sho...21 September 2020, 20:18Read More
-
‘TWO’ Decisive Levels Nifty Bulls Need To WatchThe Nifty Index bulls are hovering around significant levels. You should watch these 'TWO' levels...15 September 2020, 21:45Read More
-
Nifty Analysis: Bulls Trying Hard To Move UpThe Cycle of Lows in Nifty 50 Index is showing its effect, but bulls are continuously falling to ...09 September 2020, 20:47Read More
